Canadian Financial Close: Oil jumps but loonie remains steady

Rising Middle East tensions like to price hike

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, despite sharp upticks in crude oil prices. The Canadian dollar closed at US$0.7426 or US$1=C$1.3467, compared to Wednesday’s finish of US$0.7424 or US$1=C$1.3469. On the U.S. Dollar Index, the greenback inched up 0.093 of a point at 104.010. Benchmark […] Read more

Canadian Dollar and Business Outlook: Little movement in loonie

Gains in greenback, crude oil

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, as upticks in the United States dollar and global crude oil prices balanced off each other. As of 8:35 am CST, the loonie was at US$0.7425 or US$1=C$1.34741 compared to Wednesday’s close of US$0.7424 or C$1.3469. On the […] Read more


Canadian Financial Close: C$ strengthens Wednesday

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, finding support from gains in crude oil and global equity markets. The Canadian dollar settled at US$0.7424 or US$1=C$1.3469 on Wednesday, which compares with Tuesday’s close of US$0.7404 or US$1=C$1.3506. Canada’s international trade balance moved from a surplus of C$1.1 […] Read more

Canadian Dollar and Business Outlook: Loonie regaining lost ground

StatCan reports on international trade

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar continued higher on Wednesday morning, supported by declines in the United States dollar and upticks in crude oil. As of 8:35 am CST, the loonie was at US$0.7426 or US$1=C$1.3467 compared to Tuesday’s close of US$0.7404 or C$1.3506. On the U.S. Dollar Index, the […] Read more


Canadian Financial Close: Loonie bumps up

Aboutface for Greenback

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar pushed above 74 U.S. cents on Tuesday, due to a weaker United States dollar and increases in crude oil. The Canadian dollar closed at US$0.7404 or US$1=C$1.3506, compared to Monday’s finish of US$0.7393 or US$1=C$1.3527. On the U.S. Dollar Index, the greenback reversed course […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

U.S. dollar, crude balance each other

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Tuesday morning, as the United States dollar global crude oil prices essentially balanced each other. As of 8:36 am CST, the loonie was at US$0.7388 or US$1=C$1.3532 compared to Monday’s close of US$0.7393 or C$1.3527. On the U.S. Dollar Index, […] Read more


Canadian Financial Close: Rising U.S. dollar weakens loonie

Canadian dollar falls below 74 U.S. cents

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slid below 74 U.S. cents on Monday due to the rising strength in its United States counterpart. The Canadian dollar closed at US$0.7393 or US$1=C$1.3527, compared to Friday’s finish of US$0.7433 or US$1=C$1.3454. On the U.S. Dollar Index, the greenback climbed 0.559 of a […] Read more



Canadian Financial Close: C$ weakens

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar weakened relative to its United States counterpart on Friday as jobs data out of the U.S. beat expectations. The Canadian dollar settled at US$0.7433 or US$1=C$1.3454 on Friday, which compares with Thursday’s close of US$0.7460 or US$1=C$1.3404. U.S. nonfarm payrolls increased by 353,000 jobs in […] Read more

Canadian dollar and business outlook

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Friday morning, as employment data out of the United States beat expectations. At 8:39 a.m. CST the Canadian dollar was trading at US$0.7429 or US$1=C$1.3461, which compares with Thursday’s close of US$0.7460 or US$1=C$1.3404. U.S. nonfarm payrolls increased by 353,000 jobs in January, […] Read more